30th March 2023
M&G: High Yield – a fulcrum between greed and fear?
Last year was a brutal one for fixed income markets, although floating rate high yield credit was a notable bright spot and proved remarkably resilient. While conventional fixed rate high yield bonds sold off sharply, HY floating rate notes (FRNs) and European and US loans held up well and were able to generate a small positive return over the year.

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